Feb 14 (Reuters) – Gold prices gained on Friday and were poised for a seventh consecutive weekly gain, as U.S. President Donald Trump’s plans to impose reciprocal tariffs on every country taxing U.S. imports fuelled concerns of a global trade war. Spot gold was up 0.1% at $2,932.81 per ounce, as of 0706 GMT, moving […]
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Gold firms on US tariff concerns ahead of key US data
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Feb 13 (Reuters) – Gold gained on Thursday as markets tracked U.S. President Donald Trump’s tariff plans, which could further escalate a global trade war, ahead of another set of inflation reading from the U.S. after its consumer prices jumped in January. Spot gold added 0.5% to $2,918.00 per ounce as of 0750 GMT, moving […]
US coal exports to India expected to rise due to China tariffs
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NEW DELHI, Feb 11 (Reuters) – The United States is expected to boost coal exports to India after China imposed tariffs on energy imports from the U.S., five industry officials said, potentially eroding Australia and Russia’s market shares in the Indian market. China’s Finance Ministry last week said it would impose levies of 15% on imports of […]
Gold set for sixth successive weekly gain; US payrolls report in focus
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Feb 7 (Reuters) – Gold prices rose on Friday, hovering near record-high levels and set for a sixth successive weekly gain, as trade war concerns fuelled safe-haven buying ahead of the key U.S. payrolls report. Spot gold was up 0.3% at $2,864.11 per ounce, as of 0721 GMT, and has gained more than 2% this […]
Rio Tinto faces new iron ore shipping snarls due to cyclones
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Rio Tinto said on Tuesday it had begun clearing iron ore ships from two Western Australian ports as two tropical cyclones offshore swell seas and complicate its efforts to repair infrastructure damaged by a previous cyclone last month. “Safety is our priority. As is procedure, we began sending ships from Cape Lambert Port at the weekend […]
ArcelorMittal to build new steel plant in US to meet auto sector demand
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ArcelorMittal said on Thursday that it would build an advanced steel manufacturing facility in Calvert, Alabama, as it seeks to increase its production capacity to meet demand from the U.S. automotive sector. The world’s second largest steelmaker said the plant would be able to deliver up to 150 kilotons of premium non-grain-oriented electrical steel (NOES) annually, […]
Gold prices steady near record highs as tariff concerns linger
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Gold prices remained steady near record highs on Tuesday, fuelled by safe-haven demand after China announced retaliatory tariffs on U.S. goods, while traders also kept an eye on crucial jobs data set to be released this week. Spot gold held its ground at $2,811.59 per ounce, as of 0813 GMT, after hitting a record high of $2,830.49 […]
The Role of AI in Sustainable Mining: A Path to a Greener Future
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This article was written by Ali Soofastaei The global mining industry faces increasing pressure to operate more sustainably and reduce its environmental footprint. The demand for minerals and metals critical to the world’s economy continues to grow, yet the environmental and social impacts of traditional mining practices can no longer be ignored. As the sector […]
Gold hits record high as Trump tariff worries mount
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Gold prices hit a record high on Friday, set for their best month since March 2024, as investors flocked to the safe-haven metal due to heightened U.S. tariff concerns, while awaiting a key inflation report for further direction. Spot gold was up 0.2% at $2,798.96 per ounce, by 0749 GMT, gaining more than 6% this […]
Tanzania, Burundi sign deal with China to build nickel-carrying railway
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Tanzania and Burundi have signed an agreement with two Chinese firms to build a railway between the two African countries for transporting metals, including battery mineral nickel, to the port city of Dar es Salaam. The $2.15 billion joint venture will be constructed by China Railway Engineering Group Ltd and China Railway Engineering Design and Consulting […]
Resource Optimisation with AI in the Mining Industry
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This article was written by Glen Stewart Introduction Mining has always relied on human intuition and brute force to extract Earth’s valuable resources. Now however, a revolution is underway, which is driven by the power of Artificial Intelligence (AI). By using the potential of data and intelligent algorithms, AI is optimizing resource extraction across the […]
What is sintering and what is it used for?
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Description High heat and pressure are used during sintering, also known as frittage, to generate a solid mass of material without melting it into a liquid. In addition to being utilised in the production of materials with high melting points, such as tungsten and molybdenum, this is also a naturally occurring occurrence in mineral and […]
Glencore reports lower metals production in 2024
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Glencore (GLEN.L), opens new tab on Thursday reported lower copper, cobalt, zinc, nickel and thermal coal production in 2024, in line with guidance. The company said it produced 951,600 metric tons of copper in 2024, down 6% from 1.01 million tons in 2023, the lower end of its outlook of between 950,000 and 1.01 million tons. Copper […]
Enhancing ore grade estimation with artificial intelligence
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Introduction Accurate prediction of mineral grades is a fundamental step in mineral exploration and resource estimation, which plays a significant role in the economic evaluation of mining projects. Currently available methods are based either on geometrical approaches or geostatistical techniques that often considers the grade as a regionalised variable (Kaplan & Topal, 2020). Geostatistics has […]
Core drilling: planning and scoping
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Introduction In open pit mining rotary core drilling is the most widely used method of subsurface investigation. For pit slope design, it helps determine within acceptable levels of confidence the geotechnical relationships and engineering properties of the rocks that will form the walls of the pit. Planning and scoping (Guidelines for Open Pit Slope Design […]

